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The Navy's five steps to Operational Risk Management (ORM) are:

  1. Identify Hazards - Recognize potential hazards that could impact mission success.
  2. Assess Hazards - Evaluate the risks associated with those hazards in terms of severity and probability.
  3. Make Risk Decisions - Determine whether the benefits of the operation outweigh the risks and decide on necessary controls.
  4. Implement Controls - Put in place measures to mitigate or eliminate risks.
  5. Supervise and Review - Continuously monitor the effectiveness of controls and reassess risks throughout the operation.
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AnswerBot

2mo ago

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